Market Overview
Home Prices in Richfield Springs, NY
The median home value in Richfield Springs, NY is $219,230 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richfield Springs are priced47% below average. Richfield Springs is part of the Oneonta, NY metro area.
Over the past five years, Richfield Springs home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Richfield Springs Home Price Trend
City Comparison
Richfield Springs vs. National Median
At $219,230, homes in Richfield Springs cost 47% below the national median of $410,000. This makes Richfield Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Richfield Springs?
20% Down Payment
$43,846
on $219,230
Monthly P&I
$1,143/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,452/mo
incl. taxes & insurance
Income Needed
$58,080
gross annual (30% rule)
10% Down Option
$21,923
+ PMI applies
Loan Amount (20% dn)
$175,384
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Richfield Springs, NY?
The median home value in Richfield Springs is $219,230 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Richfield Springs?
Over the past year, home values in Richfield Springs have increased by 2.6%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Richfield Springs?
To comfortably afford the median home price of $219,230 with a 20% down payment ($43,846) at today's rates (6.8%), you'd need a gross annual income of approximately $58,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Richfield Springs compare to the national average home price?
The national median home value is approximately $410,000. At $219,230, homes in Richfield Springs are 47% below the national average.
What metro area is Richfield Springs part of?
Richfield Springs is part of the Oneonta, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.